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STORY OF THE DAY
Revenge travel makes space for growth in CEE hotel market
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Story of the week

News Revenge travel makes space for growth in CEE hotel market
09
Dec
2024

Revenge travel makes space for growth in CEE hotel market

by Forum Property
Despite the improving performance, inflation and financing costs remain significant challenges in the hospitality sector in CEE. However, reduced interest rates, stabilised construction costs, and strong recovery in midscale and budget segments may stimulate investment, panellists stressed at CEE Property Forum 2024 in Vienna.
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Investment

News Gdańsk hotel Invesco Poland TriCity
09
Dec
2024

Invesco buys hotel in Gdańsk

by Forum Property
Invesco Real Estate has acquired Cloud One Gdańsk hotel in Poland on behalf of its German client. The seller is Granaria Development Gdańsk, a joint venture entity created by Immobel and Multibud. The price has not been revealed.
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Nepi Rockcastle seals acquisition of Katowice shopping centre Indotek Group takes control of Auchan Hungary Praktiker Real Estate buys office building in Bucharest

Residential

News Central Group Czech Republic Finep Geosan investment Penta Real Estate Praha residential
09
Dec
2024

Prague aligns with developers in Žižkov brownfield transformation

by Forum Property
Prague is intending to buy the historic building of the freight station Žižkov and the adjacent land from Czech Railways, reports E15.cz. If the purchase is completed the capital is planning changes to the zoning plan in the entire extensive brownfield next year allowing other developers to build.
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VI Group launches sale of resi project in Bratislava Prague approves new resi development location Nrep gets financing from Santander Bank for PRS project in Warsaw

Industrial

News automotive CTP Gong Min industrial Petar Kolognat SEE Serbia SHAC
09
Dec
2024

CTP inks 19,000 sqm lease in Serbia with Chinese producer

by Forum Property
Industrial developer CTP has announced the leasing of 19,000 sqm of warehouse and office space in Serbia-based CTPark Novi Sad East to Shanghai Huizhong Automotive Manufacturing (SHAC), a Chinese supplier of car parts and systems. 
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Auchan Poland extends stay at Logicor Mszczonów 7R expands land bank by 2 million sqm Panattoni secures €21 million for distribution centre near Warsaw

Report

News Andreea Cotiga CEE Property Forum CEE Property Forum 2024 David M Johnston flexible Hubert Abt Michal Dorszewski office report
09
Dec
2024

Office market faces strategic inflection point

by Novakova Maria
The CEE office market has been coping with post-COVID consequences and forcing both landlords and tenants to explore opportunities to improve space utilisation. Expert speakers at CEE Property Forum 2024 in Vienna have revealed interesting strategies for the best office assets in the panel dedicated to the office market.
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How businesses in Ukraine rebuild properties damaged by war attacks CPIPG publishes Q3 financial results and reveals plans for 2025 Europe’s construction sector to take recovery path in 2025

Retail

News ALFI CEE Croatia Erste Plavi Koper Planet Koper retail Slovenia
06
Dec
2024

Alfi Real Estate Fund buys shopping mall in Slovenia

by Forum Property
Property investor Alfi Real Estate Fund has expanded its portfolio with the acquisition of Planet Koper shopping mall in Slovenia, the company announced on LinkedIn.
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Refurbished Turawa Park opens with new tenant-mix Corwin reveals former mill revitalisation design in Bratislava EPG completes first phase of shopping centre extension

Career

News career Czech Republic EPRE
06
Dec
2024

EPRE appoints new head

by Forum Property
As of December,  EP Real Estate (EPRE) from the EP Corporate Group is headed by Petr Palička, the former long-time head of the Penta real estate division, reports E15.cz.
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Cushman & Wakefield appoints new partner Bog'Art Building Management names new CEO P3 appoints new Senior Acquisition Manager

Hotel

News CEE Dacia Hotel Hilton hotel investment Republic of Moldova
06
Dec
2024

Hilton to open first hotel in Republic of Moldova

by Forum Property
The international Hilton brand is set to debut in the Republic of Moldova's hospitality market by opening its first hotel in Chișinău. 
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Czech Inn Hotels expands to Moravia Hyatt Regency brand enters Romania over regional push CPI sells hotel on Wenceslas Square in Prague

Interview

News BREEAM CarbonTool CSRD ESG interview LEED Răzvan Nica
06
Dec
2024

BREEAM and LEED standards to be updated to stricter levels by mid-2025

by Nicolae Ovidiu
Răzvan Nica, Managing Partner BuildGreen, talked to Property Forum about the building certification trends and the company’s development of the CarbonTool platform, which helps property players meet their decarbonisation objectives.
Read more >
SIOR leadership on market trends, membership growth, and industry shifts in Europe CTP eyes expansion into new markets

Office

News Českomoravská Nemovitostní Czech Republic office Prague
05
Dec
2024

ČMN welcomes new tenant in Prague

by Forum Property
Red Bull has become a new tenant in the Churchill Square II office complex, which is managed by the investment group Českomoravská Nemovitostní (ČMN).
Read more >
CEE records younger office stock compared to Western Europe Investika completes BREEAM certification of Polish portfolio Warsaw office market remains stable despite low supply

Economy

News CEE economy election Trump
06
Nov
2024

Trump is back: What this means for CEE real estate

by Csürös Csanád
Donald Trump has secured the necessary electoral votes to secure a second term, raising questions about how his presidency will influence real estate markets in Europe and CEE.
Read more >
Trump presidency: A nightmare for CEE economies CEE economic convergence: A success story with challenges ahead Hungary's construction sector shows signs of rebound

more news

New leases

  • Eurowag has new headquarters in Warsaw. The company will occupy around 600 sqm in the Q22 office building. Avison Young Office Agency represented Eurowag in the relocation.
  • Zenitech Consulting Zrt., formerly Autsoft, has signed a lease for 1,500 sqm of office space in the mixed-use Liberty building developed by WING. At the same time, the Hungarian representative office of a major international company has signed a lease for an additional 2,000 sqm. The agreements were facilitated by CitiReal Advisors and iO Partners Hungary.
  • OLX has expanded its office space in Bucharest-based America House by 717 sqm to a total of 1,663 sqm in a deal brokered by Fortim Trusted Advisors, a member of the BNP Paribas alliance. Țuca Zbârcea & Asociații provided legal consultancy to America House during the lease negotiation process.

New appointments

  • Management Board of Globe Trade Centre has announced that on the 3rd of December, the company received a written statement from György Stof on his resignation as a Member of the Company's Management Board.
  • Dom Development has announced changes to its Management Board. Monika Dobosz will become a Member and Vice-president of the Management Board. In this position, she will replace Leszek Stankiewicz, who has submitted a declaration of resignation from this position. Dobosz will be responsible for the company's finances.
  • Dariusz Blocher has resigned from the position of chair of Unibep. The supervisory board has appointed Andrzej Sterczyński as president of the company from January 1st, 2025.

Latest news


The European Bank for Reconstruction and Development (EBRD) intends to support the design and implementation of future renewable energy auctions in Romania.

The European Bank for Reconstruction and Development (EBRD) intends to support the design and implementation of future renewable energy auctions in Romania.

Polish utility Tauron Polska Energia SA has inaugurated a 30-MW wind farm in Warblewo, located in the West Pomeranian province.

Polish utility Tauron Polska Energia SA has inaugurated a 30-MW wind farm in Warblewo, located in the West Pomeranian province.

EDF Renewables has completed the acquisition of a second battery energy storage project in Poland, with a capacity of 120 MW.

The InnoEnergy Skills Institute, a leading provider of training for Europe's sustainable energy workforce, has successfully trained 100,000 learners through its European Battery Alliance (EBA) Academy.

The Polish Parliament has adopted an amendment to the Renewable Energy Sources Act, introducing substantial changes designed to foster the growth of green energy in the country.

EBRD has increased its equity stake in Sunly, a renewable-energy developer and Independent Power Producer of power, with a €36 million investment.

The main purpose of the code is to support the issuer's corporate resilience in a rapidly changing world.

The main purpose of the code is to support the issuer's corporate resilience in a rapidly changing world.

The shopping center, with a total lettable area of more than 88,400 sqm, occupies a dominant position in Katowice.

The shopping center, with a total lettable area of more than 88,400 sqm, occupies a dominant position in Katowice.

The first research, Artificial Intelligence and Electricity: A System Dynamics Approach, examines four possible scenarios for AI's electricity consumption over the next decade.

The vibrant and well-connected environment of America House has played a key role in supporting OLX's growth, expanding from 65 employees in 2017 to approximately 200 employees.

There are more than 7,800 dental clinics and around 9,500 dentists in Romania and the average cost of treatment per patient is Ron 1,000.

After two years of significant growth (20%+ in 2023 and 2024), the S&P 500's returns are likely to "normalize," with a forecasted rise of 11% to 17% from current levels.

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